Farmers State Bank - Bainbridge, IN

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: September 7, 1927
Location: Bainbridge, Indiana (39.761, -86.812)

Metadata

Model: gpt-5-mini
Short Digest: 0e5503c0

Response Measures

None

Description

Article (Indianapolis Times, 1927-09-07) states the State banking department will ask for receivership for Farmers' State Bank, Bainbridge. No run is reported; receivership implies closure. Article notes no loss to depositors expected and stockholders likely assessed.

Events (1)

1. September 7, 1927 Suspension

Cause: Government Action
Cause Details: State banking department will ask for receivership for the bank (regulatory action).
Newspaper Excerpt: Receivership will be asked by the State banking department for the Farmers' State Bank, of Bainbridge, Thomas D. Barr, deputy State bank commissioner, announced.
Source: newspapers

Newspaper Articles (1)

1. September 7, 1927 The Indianapolis Times Indianapolis, IN

Article from The Indianapolis Times, September 7, 1927

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Article Text

THE CITY IN BRIEF THURSDAY EVENTS Indiana State Fair, State fairground, all day. National Federation of Post Office Clerks convention, Claypool, all day. Women's Auxiliary, National Federation of Post Office Clerks' convention, Claypool, all day. National Federation of Rural Mail Carriers' convention, Claypool, all day. Indianapolis Teachers' Institute, Caleb Mills Hall, all day. Advertising Club luncheon, Spink-Arms. Real Estate Board luncheon, Chamber of Commerce. Traffic Club luncheon, Severin. Indianapolis Engineers' Club luncheon, Board of Trade. Retail Credit Men's Association luncheon. Chamber of Commerce. Loval Knights of the Round Table luncheon, Lincoln. American Business Club luncheon, Chamber of Commerce. Sigma Nu luncheon, Board of Trade. Sigma Chi luncheon, Chamber of Commerce. While playing in her father's auto, parked in front of the home, Jeanette Mitchell, 4, of 3822 Kenwood Ave., fell to the pavement and was injured about the head Tuesday night. Autos driven by Myron C. Northern, 951 W. Thirty-Fifth St., and Leo Devine, 30, of 430 Highland Ave., collided at Sixteenth St. and Broadway, Tuesday night. William Northern, father of the driver was cut about the head, and treated at city hospital. Catherine Carpenter, 9, of 548 Chase St., is recovering at her home from injuries received Tuesday, when she fell ten feet from a barn loft. Grover Bradstreet, 19, of 2935 N. Dearborn St., is missing from his home. His mother told police she sent him to the store and he failed to return. He has been in ill health. Receivership will be asked by the State banking department for the Farmers' State Bank, of Bainbridge, Thomas D. Barr, deputy State bank commissioner. announced. No. loss to depositors is expected, but stockholders of the bank are expected to be assessed. Damages of $55,000 for personal injuries and damage to an automobile are asked in two suits filed in Federal Court today by James T. Caradine and his wife, Florence M. Caradine, of Missouri, against Mike Blainas of Richmond. The suit concerns an automobile accident at Richmond Sept. 13, 1925. Martin Matthews, 1133 River Ave., and Frank Fox, 521 N. Garfield Ave., have been named inspectors in the city engineering office at $110 a month.